Andrew Flynn, from Adelaide’s My Property Buyer, works as a buyer’s agent and his use of VR technology has helped his clients hone in on the property they are most aligned with, without even having to visit the site.

“Whether it’s fly in fly out buyers, buyers from interstate or overseas or those just wanting us to do the legwork for them, our client’s who have used this technology are relieved they can save time, effort and money in not having to travel to opens in person” Mr Flynn said.

The camera shots are taken on site, with the permission of the selling agent, with a specialised camera and then uploaded to a software platform one at a time. The photos are then placed into a floorplan, which makes for easy navigation from room to room. Mr Flynn says that “this is where the interactive fun starts!” The software allows for tagging of items so the buyer can click on an icon to uncover further details about a certain object or feature. For example, in the link provided on our web homepage, there are icons highlighting the artificial turf, SMEG appliances and various upgrades around the home.

Full VR experience versus screen scrolling lets sees you be able to turn your phone to landscape and pop into some VR goggles and then you will experience the full VR effect. Here… there are crosshairs in the sight of the goggles and you lean down to bring up the menu and it can open the range of rooms available for viewing and the “float” in front of you awaiting you to move the crosshairs over your room of choice to move the camera to that room. Alternatively, you can simply use your finger to move yourself around the screen and the little triangles on the floor let you travel from room to room.

In times such as these where mobility is restricted, this service stands out as an excellent asset in your property searching arsenal. For more information and to check out the My Property Buyer service, visit www.mypropertybuyer.com.au and you’ll even find a property quiz there for you.

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A recent trend we are seeing at My Property Buyer is our clients enquiring about existing or “real” homes as opposed to land and builds or buying off the plan. One of the reasons behind this trend is the convenience of not having to wait for their home to be built and another is the ability for them to touch and feel the potential property prior to signing paperwork. With unfortunate stories of builder’s going under and some developments running way behind in time, it seems many buyers are becoming more cautious and opting for a “better the devil you know” attitude.

Interestingly, this is even true for some First Home Buyers, despite the lure of $15,000 (in Adelaide) for the First Home Buyers Grant should they purchase a brand new home, purchase land and build or buy a property off the plan. Wanting it now is the main reason for this but also the pricing of existing homes is presenting to some as better value than buying brand new.

Government policies to scrap First Home Owner Grant availability on existing homes and to restrict residential Property Investors depreciation claims on plant and equipment to new homes and builds only, has seen properties only a few years old slipping through the cracks in many buyers considerations. However, these properties can have items still under warranty and they’re often located in popular infill areas with convenient access to schools, parks, shops, transport and health services, which are all factors taken into account when clients are weighing up their purchase options.

At My Property Buyer we present the case for all types of dwellings to our clients and ultimately they choose the direction that best works for them. We then work with their Mortgage Broker or Lender to confirm their budget, which then allows us to hone in on locations they can afford.

It will be interesting to see how this trend unfolds into 2020, but for now it appears that “real houses” are the current flavour in Adelaide.

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Many clients are concerned about how little superannuation they have or they heard their friends
or neighbours had purchased an investment property and they silently wondered why they
couldn’t do the same. When I ask the question what has held them back, the response is generally
that they didn’t know enough about it. Once their questions get answered and the processes get
explained, many people feel more at ease and can use their newfound knowledge to make a more
informed decision.

With any large financial decisions, it pays to have a good team of experts around you to guide you
through your decision and beyond. From mortgage brokers or lenders, to conveyancers, to
property managers, to having the right accountant to help you out initially and on going. Many of
these professionals have fees for their services and these are understandable given the extent of
their knowledge and the benefits they bring to you. As an investment and home buyer’s advocate,
My Property Buyer is also a fee for service business where you tap into our decades of experience
to access a myriad of information to help you get to your end goal. The benefits of a buyer’s
advocate are in the planning and research of property purchasing as well as the negotiation of the
ideal property once we’ve located it with you. For investors, our fee is tax deductible and often
our buyer’s advocate fees are well and truly saved through our calculated negotiation skills
resulting in a lower purchase price for your ideal property.

So whether it be where to buy, what to buy, how much to pay or simply whether or not you are in
a secure enough position to actually do something now or in the future, our role is to educate you
and from there you make the final decision… the decision to wait a little longer or the decision to
take the next step…

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Perhaps the two biggest questions we receive are “what does a buyer’s advocate do?” and “what
are the benefits of a buyer’s advocate?”

At My Property Buyer, we are a fee for service business that helps people buy or build homes to live in or
invest in. We offer an initial obligation free consultation where we work through your property
needs and goals and then help you formulate a plan to achieve them. This will generally result in
us introducing you to other specialists like mortgage brokers or lenders, accountants, a
conveyancer and potentially a property manager for an investment property. After all, when it
comes to a decision as large as buying a property, the more expertise you can surround yourself
with the better off you’ll be.

The major benefit of using our service is you gain access to over 25 years of property and finance
experience, which will help you immensely when purchasing a property by reducing your risks and
saving you time, effort and money. We get you to focus on what’s really important to you in a
home then we set about finding a property that will match your needs and budget. Once you are
happy with our selection, we negotiate on your behalf and look to secure the property for you,
including introductions to financiers to get you the best deal you can get.

If you think we can be of any assistance to you whatsoever, we’d love to here from you and
hopefully we can assist you on your property journey.

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Recently, I bid and won at auction against two other bidders who went through the process of turning up to the auction, going through the registration process to then simply watch me offer one single bid.  The fact was… one hadn’t organised their building inspection and the other hadn’t organised their pre approval for finance. Both were hoping there’d be no bidders, the property would be passed in and then they’d be able to make an offer with “subject to’s” attached. This strategy cost them a real chance at securing a property they were genuinely interested in. As the only and therefore highest bidder, I asked for the auction to be held over then I went inside and negotiated the final price with the vendor via the auctioneer.

At My Property Buyer, in our preparation, we work closely with your mortgage broker or lender to ensure all the numbers stack up before we head to the auction. We also make sure we have the deposit requirements met and if we are short of the normal 10% deposit required, we pre negotiate a lower figure for you. Then there’s the insurance cover note to think about and the arranging of the building inspection before the auction day.

However, the most important part of the preparation is research. Researching the price one should pay takes skill and expertise. There are many factors that come in to play and it’s imperative that you strip away the emotion. Then, once we are there on auction day, we stick to our guns on our top price to pay and we walk away in need. The key is to have our figure as precise as possible with a few little limit tricks kept in mind… for those, we will need to take our talks further.

Whilst it may seem hard to believe,  I love auctions as a buying practice. It’s the most transparent way to buy a property and when you have a limit in place that you are not prepared to go over… bidding at action means you have every chance of getting the property for less than you were willing to pay.

For more information on our bidding and property finding services, please contact Andrew Flynn on 0439663555.

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